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Accountancy is one of the most popular professions which offer many opportunities in different fields such as auditing, tax consultancy, management consultancy, company secretarial services, financial management and so on. Accountants work in all business sectors such as private sector, public sector, banking and commerce.
Individuals can study at a higher education college or university for many of the specialized qualifications offered by the professional associations. There are various professional bodies in accountancy which offer internationally recognized qualifications, for instance, ACCA, CIMA, ICAEW and so forth.
Following are the most prestigious accountancy bodies which are widely accepted and recognized worldwide:
-ACCA (Association of Chartered Certified Accountants):
Founded in 1904 and has examination centres in over 130 countries. ACCA students are now able to obtain a double qualification throughout their studies – (1) The ACCA Professional Qualifications, and (2) a Bachelor of Science (Hons) in Applied Accounting from Oxford Brookes University, a top new university in the UK. Examinations are held twice a year (June and December).
-CIMA (Chartered Institute of Management Accountants):
Founded in 1919 with over fifty centres worldwide, CIMA is the leading management accountancy body in the world. It comprises fifteen exam papers at four levels: Certificate Level, Managerial Level, Strategic Level and TOPCIMA (Final Test of Professional Competence in Management Accounting). Examinations are held twice a year (May and November).
To attain a professional membership from the above accountancy bodies, students are required to pass all the association’s examinations and obtain a minimum of three years relevant training or approved work experience.
A wide range of study options are available to cater for the needs of all students. Students can choose from studying full-time, part-time by day-release, home study, distance learning, correspondence or a combination of these methods. Today many universities in the UK are offering professional accountancy program such as the ACCA and CIMA. However students may wish to pursue a degree in accountancy from a prestigious university and then apply for exemptions from certain professional examination papers.
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Source by Loke Yuen Wong